OAK Global, a global risk partner underwriting through two dedicated syndicates owned by Lloyd’s, has announced the launch of ROOT Intelligence, a new technology company designed to drive innovation.
ROOT Intelligence combines professional engineering, compliance, data science and artificial intelligence expertise to build and extend proprietary tools that enhance technology-enabled risk insights. The company will also focus on enhancing operational resiliency through a future-proof data foundation, streamlining operations and creating more efficient, scalable ways of working.
ROOT Intelligence will offer OCEAN (OAK Capital, Exposure and Analytics Network), a risk orchestration platform designed to leverage advances in artificial intelligence.
It will be located within the Innovation Center at Trinity College Dublin, alongside academic and industry partners.
ROOT Intelligence will serve as a long-term catalyst for OAK Global’s technology transformation, supporting the company’s ambition to become a forward-looking AI-native risk partner based on robust governance, trusted data and effective controls.
Powered by Amazon Web Services (AWS), ROOT Intelligence delivers the latest artificial intelligence, data and cloud capabilities, as well as the expertise needed to implement emerging technologies and turn innovation into business value. These capabilities will enable ROOT Intelligence to bring cutting-edge research, talent and modern technology directly into the OAK Global business.
Platform Director Gerard DeVere will lead the ROOT Intelligence team alongside Oliver Mapp, Head of Data Science and Innovation, and Alex Stephenson, Head of Business Technology. The team will work closely with OAK Global’s underwriting, capital and risk, and finance and operations departments.
Cathal Carr, founder and CEO of OAK Global, said: “As the pace of change driven by technology, particularly artificial intelligence, accelerates, the creation of ROOT Intelligence enhances OAK Global’s strategy to address the challenges posed by this change. OAK Global Employing holistic intelligence as a foundational capability-building strategy. We believe that future underwriting leadership can only be achieved through the successful integration of market-leading talent and technology – data-driven innovation rooted in strong security, governance and controls to support, not replace, our people and deliver market-leading long-term solutions.”
Alex Winfield, co-founder, chief capital officer and head of strategy at OAK Global, added: “ROOT Intelligence will provide our clients with better risk management by enabling faster, more consistent responses through efficient workflows and better access to OAK Global’s proprietary data assets. This will enable OAK Global to deliver responsive, more informed and more reliable underwriting decisions throughout the cycle, building trust through speed, clarity and consistency.”
“Through its research and technology partnerships, ROOT Intelligence will ensure OAK Global remains closely connected to advances in artificial intelligence, data science and analytics, turning innovation and experimentation into real underwriting advantages.”
Irfan Haq, Chief Financial Officer and Managing Director of OAK Global, said: “We are proud to expand the group’s operations into Dublin, one of Europe’s leading technology ecosystems. This technology investment complements our Lloyd’s underwriting platform in London and enhances our ability to deliver long-term value to our stakeholders.”